Word: morgans
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Dates: during 2000-2009
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...know how many South Africans feel about the arrival in Cape Town of Morgan Freeman and Matt Damon to shoot a Clint Eastwood movie about South Africa's 1995 Rugby World Cup victory over the New Zealand All Blacks. It's not that Freeman (playing President Nelson Mandela) or Damon (who stars as Springbok captain Francois Pienaar) will do a bad job. South African actors Vosloo (The Mummy) and Chweneyagae (the Oscar-winning Tsotsi) wouldn't either. It's just a little strange that South Africa's most important stories are so often told by foreigners. "Imagine how the Americans...
...Considered one of the most successful young reporters in the business, Rattner nonetheless left the profession in 1982 to become an investment banker. He worked at Lehman Brothers, Morgan Stanley and eventually Lazard Freres, where he served as deputy chairman...
...company's merger with Wells-Fargo. Or how many of Bank of America's 15,000 Charlotte employees will survive the company's plans to shed some 35,000 jobs nationally in the coming years. "There's a whole lot of uncertainty, especially around Wells," says Bob Morgan, president of the Charlotte Chamber of Commerce...
...nice to forget December. Investment banks traditionally end their fiscal year in November, commercial banks in December. Since Goldman Sachs and Morgan Stanley shifted to commercial-bank status late last year, they decided to shift their fiscal years starting this year. In doing so, they orphaned the month of December 2008. For Goldman, it was revealed this week, that meant saying goodbye to $780 million in losses that will never show up on the bottom line of an earnings report...
Comments by JP Morgan got to the heart of the issue of why the latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste...